Trade in my '09 Urban Runner???

[TiffanyRN]

Hey guys, I'm new to the forum... and I have a question. Or a poll, really. Just asking for your opinion.

In September I bought a brand new 2009 Toyota 4Runner- Urban Runner. It has 10,500 miles on it and it is completely paid for. My dilemma is... I love my Urban Runner to death, but I'm really kinda diggin the 2010! So my question is... would I be a complete moron (which I have been told by several people!) to trade in my UR on a 2010?? The thing is, I paid $39,000 for my UR and the dealerships I have talked to will give me 26,000-27,000 for it so I would be losing a lot of money.

What do you guys think??? Here is a picture of my 2009 Urban Runner...

 

[SkylineGTRracer]

I'd say keep it as I love the 06-09 4runners and I don't really dig the 2010 but I wouldn't be mad if I was given one. But at the end of the day its YOUR choice. If I remember right your car has Xres and that'll go bad as the 2010 4runner doesn't and I think the trail ed. is your equal if you were to trade it in. And on a side note I'm trying to make my 4runner look like a urban runner only with the sport ed rims. you got a nice ride! lets see what the others say.

 

[mikey's2010SR5]

I'd say keep it as I love the 06-09 4runners and I don't really dig the 2010 but I wouldn't be mad if I was given one. But at the end of the day its YOUR choice. If I remember right your car has Xres and that'll go bad as the 2010 4runner doesn't and I think the trail ed. is your equal if you were to trade it in. And on a side note I'm trying to make my 4runner look like a urban runner only with the sport ed rims. you got a nice ride! lets see what the others say.

I agree, keep the 09. Don't get me wrong I love my 2010, but you will be losing a lot of money.

And XRES is available on the LE model.

 

[SkylineGTRracer]

I agree, keep the 09. Don't get me wrong I love my 2010, but you will be losing a lot of money.

And XRES is available on the LE model.

Yeah I learned something new. do you know if they fixed the 4th gen xres problem? or at least made a longer warranty?

 

[mikey's2010SR5]

Yeah I learned something new. do you know if they fixed the 4th gen xres problem? or at least made a longer warranty?

no idea, i got an SR5 didnt need anything fancy since I am the mod type. But there are plenty of people with Limiteds so I am sure they will chime in.

 

[BL78]

Keep it. It wont be worth losing lots of money $$$ for the trade.

 

[1st4runner]

I would keep it at lest another two years, then your warranty will be coming to an end and the depreciation will have leveled off. The first year or two is always the bank killer on depreciation. Remember at the end of the day you are still driving a 4runner.:driving:

 

[x67934]

I agree keep it a few more years until you can trade it and not lose your shirt in the deal. Who knows the 5th Gen. might be better then too.

 

[MikesToy]

I loved all of my vehicles that i have owned. And some of them i had to let go, just like a free bird. If that '09 Urban 4R is something you'd like to keep, then keep it. Yes, you'll be losing money but you'll be losing more money the more you wait. Vehicles depreciate and at least you get most of your money back the sooner you trade it in. $39K minus $26 = $13K. I don't know how long you've owned your 4R but should you have rented one for the lifetime you owned it (i.e. $40/day), that's $1300/month or $15,600/yr. Basically whatever you lose, treat it as if you rented your own 4R. Just my 2 cents. :wink2:

 

[Jed]

Yeah I learned something new. do you know if they fixed the 4th gen xres problem? or at least made a longer warranty?

There was no 4th gen XREAS problem. Just because you read some posts about XREAS shocks leaking doesn't mean there was a problem. The majority of XREAS owners have not experienced leaks.

If you think about it, conventional shocks can leak too. I don't see any difference between the rate of failure between XREAS and conventional shocks. The only real difference is that a failed XREAS shock generally costs more than a failed conventional shock when it is time to replace it.

 

[Jed]

I loved all of my vehicles that i have owned. And some of them i had to let go, just like a free bird. If that '09 Urban 4R is something you'd like to keep, then keep it. Yes, you'll be losing money but you'll be losing more money the more you wait. Vehicles depreciate and at least you get most of your money back the sooner you trade it in. $39K minus $26 = $13K. I don't know how long you've owned your 4R but should you have rented one for the lifetime you owned it (i.e. $40/day), that's $1300/month or $15,600/yr. Basically whatever you lose, treat it as if you rented your own 4R. Just my 2 cents. :wink2:

That's a really twisted way of looking at the situation. Think about it....she owns an '09 4Runner that is already paid off. So she's not paying any interest on a loan or anything and she's driving a new vehicle with about 10,000 miles on it.

So if she traded it in today, lets say the dealership gives her $26,000 for it. Okay, now she just lost $13,000 in real money. So she takes her $26,000 and uses it as a down payment on a 2010 4Runner. Lets say she pays $39,000 for the 2010 4Runner. Now what does she have? Hmmm....Well, she has a $13,000 loan and a new 4Runner (which will again be at the highest level of depreciation). No matter how you cut it, this doesn't make sense from a financial standpoint. But if she decides that she absolutely has to have a 2010, then she has to be willing to lose a lot of $$$.

Depreciation is a funny thing. When you buy a new 4Runner, the depreciation is greatest in the beginning. Although the vehicle will continue to depreciate as time passes, it will depreciate less over time. That's exactly why there are so many people willing to buy a 2- or 3-year-old vehicle. They know that the original owner took the major depreciation hit, so they'll basically be getting an almost new vehicle that already depreciated at the greater rate than it will for the rest of its service life.

I have an '04 4Runner that I bought new for about $30,000 without a loan. It was a cash deal. I've had it for 6 years now. If I sold it tomorrow for $18,000, then it would have cost me $12,000 over 6 years (which is $2000 per year) to own my 4Runner. Now imagine if I would have sold my 4Runner one year after I purchased it. Lets assume I could have sold it for $25,000. Sure I would have only "lost" $5000, but that's $5000 in one year, which is more than double the loss that I would experience today. So it pays to hold on to your vehicle because the rate of depreciation drops over time.

 

[Jed]

Hey Tiffany--

If you decide that you're definitely selling that Urban Runner, let me know. Maybe I'll buy it from you. Seriously.

 

[M1911]

Keep your 4Runner. Run it another six years and replace it when the 6th Gen debuts.

It is a heck of a lot cheaper to keep vehicles for many years than to trade them in all the time.

 

[Quentin]

Keep your 09. I love the 5th gen, but a paid off car is a fantastic thing.

Another option is to wait a year or two until 2010s show up used and buy a used one so you get the newer model with a smaller delta in the value between the two models.

 

[MikesToy]

That's a really twisted way of looking at the situation. Think about it....she owns an '09 4Runner that is already paid off. So she's not paying any interest on a loan or anything and she's driving a new vehicle with about 10,000 on it.

So if she traded it in today, lets say the dealership gives her $26,000 for it. Okay, now she has $13,000 in her hand, but she also has no vehicle. So she takes her $13,000 and uses it as a down payment on a 2010 4Runner. Lets say she pays $39,000 for the 2010 4Runner. Now what does she have? Hmmm....Well, she has a $26,000 loan and a new 4Runner (which will again be at the highest level of depreciation). And the dealership now has her $13,000 that she got from selling her '09 Urban Runner. No matter how you cut it, this doesn't make sense from a financial standpoint. But if she decides that she absolutely has to have a 2010, then she has to be willing to lose a lot of $$$.

Depreciation is a funny thing. When you buy a new 4Runner, the depreciation is greatest in the beginning. Although the vehicle will continue to depreciate as time passes, it will depreciate less over time. That's exactly why there are so many people willing to buy a 2- or 3-year-old vehicle. They know that the original owner took the major depreciation hit, so they'll basically be getting an almost new vehicle that already depreciated at the greater rate than it will for the rest of its service life.

I have an '04 4Runner that I bought new for about $30,000 without a loan. It was a cash deal. I've had it for 6 years now. If I sold it tomorrow for $18,000, then it would have cost me $12,000 over 6 years (which is $2000 per year) to own my 4Runner. Now imagine if I would have sold my 4Runner one year after I purchased it. Lets assume I could have sold it for $25,000. Sure I would have only "lost" $5000, but that's $5000 in one year, which is more than double the loss that I would experience today. So it pays to hold on to your vehicle because the rate of depreciation drops over time.

First, your numbers are wrong. One way or the other she'll be losing money. Right now she be losing $13K, so she'll have $26K on hand towards the new 5th gen. If she's infatuated with the 5th gen, does money really matter? Like i said, if she loves the UR then keep it! Then she can buy (cash or financed) the new 5th gen if she desires. Now she has 2 vehicles to maintain vs 1. But that's all up to her. And these suggestions/advices are just what we think.

 

[Jed]

First, your numbers are wrong. One way or the other she'll be losing money. Right now she be losing $13K, so she'll have $26K on hand towards the new 5th gen. If she's infatuated with the 5th gen, does money really matter? Like i said, if she loves the UR then keep it! Then she can buy (cash or financed) the new 5th gen if she desires. Now she has 2 vehicles to maintain vs 1. But that's all up to her. And these suggestions/advices are just what we think.

Right...I was using your numbers and I mixed up the $13K and the $26K. I edited and fixed my post. But you're still missing the point. Depreciating is greatest in the beginning. As time passes, depreciation declines. In other words, you'll lose more money to depreciation in the beginning and lose less the longer you hold on to the vehicle.

As far as her being "infatuated" with any vehicle doesn't matter here if you're talking numbers. Sure, if you just have to have something, then yes, you have to pay the price. But we're talking about depreciation and how much more it hurts you when you sell a newer vehicle rather than waiting a few years until it is older.

 

[JAC]

I'd say keep it....or if you really want a 2010 try selling yours as a private party and at least get 32-34K for it....If you cant sell it for that price...just keep it and trade it in in about 2 years it is still gonna be in that 27k trade in range they are offering you now.
Your 4runner is sweet BTW...

 

[MikesToy]

But you're still missing the point..

So your point is: Either lose a lotta money now and get the 5th gen or lose less money 2-3 yrs down the road and get the 5th gen?

MY point is: If you love the UR to death, keep it! You will be losing money one way or the other (now or 2-3 yrs later). Now that she digs the 5th gen, would she be happier if she has it now OR is she be just happy to get it down the road? But we don't know that 'til she posts.

 

[Jed]

So your point is: Either lose a lotta money now and get the 5th gen or lose less money 2-3 yrs down the road and get the 5th gen?

Yeah, that is my point. But if it were me I'd just keep the '09 because I don't like the styling of the 2010 and some of the stuff they deleted. But still, selling a brand new vehicle is the best way to lose the most money possible, much more so than selling it after it is a few years old. The "got to have it" factor would never sway me enough to lose that kind of cash, but of course other people may have a different opinion.

 

[MikesToy]

If i was an RN, i care less 'bout the money. Money can be replaced. But having my hands and the thrill driving the new 5th gen with all whistles and bells being one of the thousands owning them today since they're rare on the road, having ppl turn their heads and a spotlight in any parking lot would be nice. imp: